BMO Capital raised the firm’s price target on Polaris (PII) to $70 from $52 and keeps a Market Perform rating on the shares. The company’s Q3 results were a bit ahead of preliminary results, with ORV retail and market share momentum continuing, though with the industry channel inventory/carryover backdrop normalizing, BMO thinks continuing that momentum could become more challenging, even with a strong product lineup, the analyst tells investors in a research note.
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Read More on PII:
- Polaris price target raised to $67 from $65 at Baird
- Cautious Outlook on Polaris: Hold Rating Amid Tariff and Margin Concerns
- Polaris Industries Reports Solid Sales Growth Amid Challenges
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